Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.0%
- Listing ID: 1430578
- Posted On: Apr 29, 2021
- Updated On: Oct 20, 2021
Description
Great cash flowing property. 16 homes on this site, 14 park owned. 2 additional vacant spots that are ready for new homes. Tenants pay all utilities and park always stays 100% full. Very low key park, in the heart of town.
Location
Downtown Livingston TN with homes all around it.
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Park Information
Community Type: | All Age |
Number of MH Lots: | 18 |
Total Occupancy: | 100.0 % |
Average MH Lot Rent: | $400 |
Size: | 12 acre(s) |
Financial Information (Actual)
Gross Income: | $78,000 |
Operating Expense: | $11,000 |
Net Operating Income: | $67,000 |
Expense Ratio: | 14.1 % |
Lot Information
Singlewide Lots: | 18 |
Doublewide Lots: | 0 |
Triplewide Lots: | 0 |
Park Model Lots: | 0 |
RV Information
Number of RV Lots: | 0 |
Average RV Lot Rent: | $0 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 2 |
Average Rent for Park-owned Homes: | $680 |